Elong Power Holding Ltd.

Elong Power Holding Ltd. filed an F-1 registration statement detailing its indemnification policies for directors and officers, noting that Cayman Islands law permits broad indemnification with certain exceptions. The filing also highlighted the SEC's position that indemnification for Securities Act liabilities is against public policy and unenforceable. Additionally, the company outlined several undertakings required by the Securities Act, including commitments regarding post-effective amendments to the registration statement.

Elong Power Holding Ltd. filed an F-1 registration statement for a public offering of up to 10,152,285 Units, each comprising one Class A Ordinary Share and one Common Warrant, at an assumed price of US$0.985 per Unit. The company is also offering Pre-Funded Units. The filing highlights significant risks associated with its China-based operations and recent share consolidations (reverse splits) in December 2025 and March 2026. Elong Power does not plan to declare cash dividends in the near term.

Elong Power Holding Limited settled an outstanding debt of $33,000 owed to its CEO, Ms. Xiaodan Liu, by issuing 33,881 Class B ordinary shares to Gracedan Co., Limited, an entity controlled by Ms. Liu. The shares were valued at $0.974 each. Concurrently, the company also sold an additional 66,119 Class B ordinary shares to Gracedan Co., Limited at the same price.

Elong Power Holding Limited announced a change in its Chief Financial Officer. Wei Zou tendered his resignation, effective June 11, 2026, stating no disagreements with the company's operations or policies. Concurrently, Yue Liu was appointed as the new CFO, effective the same day. Ms. Liu brings 27 years of extensive experience in finance, accounting, and corporate management, including prior CFO roles, and will receive an annual compensation of RMB420,000.

Elong Power Holding Limited announced the closing of its registered public offering, raising approximately $6.0 million in gross proceeds. The company issued an aggregate of 4,615,500 units, each consisting of one Class A ordinary share (or pre-funded warrant) and one common warrant, at an offering price of $1.30 per unit. The net proceeds are intended for working capital requirements, general corporate purposes, product iteration & development, and production capacity expansion.

Elong Power Holding Limited filed an F-1 registration statement for a best-efforts public offering of up to 1,431,127 Units or Pre-Funded Units. Each Unit, priced at an assumed US$5.59, comprises one Class A ordinary share and one common warrant. The company, a Cayman Islands holding entity with operations in China, highlights significant risks related to its PRC operations and regulatory environment. Proceeds from the offering will be available for immediate use, and the company has no plans for near-term cash dividends.